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20121226
20130103
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part of the real estate market is being fuelled by foreign buyers with deep pockets. ben tracy reports it's not the only thing they're buying. >> this is when all the -- >> scott meadows runs silenus vineyards in napa valley, and there's a good reason he put the american bald eagle on the bottle. >> it seems nationalistic. >> it does, doesn't it? >> that was a specific request for china. china is looking to bring parts of america to china. >> reporter: in 2010 this vineyard was for sale. chinese investors bought, it and now 90% of the wine from here, that's 9,000 cases, is shipped to china. >> what does a chinese company want with a vineyard in mappa valley? >> there's a big demand for luxury goods and goods that are scaries and well made. rather than buying chinese-made products and sending money over there, they're buying american-made products and sending their money back over here. >> the jobs stay here? >> the jobs stay here. >> reporter: chinese firms flush with cash have invested $16.4 billion in the u.s. in the past decade. $1.3 billion in california companies. a record $560 mi
's largest oil producer by 2020. ben tracy visited one of america's new boomtowns. >> reporter: in the middle of a colorado cornfield, sandwiched between cattle and farmhouses, is the front line of an american oil boom. >> we plan to invest over $8 billion over the next five years here, so we're extremely excited. >> reporter: mike dickinson works for noble energy, which is doubling its production in weld county. this oil field stretches from colorado into wyoming. in 2008, it produced 83,000 barrels of oil, yet this year it is expected to reach nearly ten million barrels. how different is the technology that we're seeing here today versus what you were doing out here a couple of years ago? >> it's unrecognizable today compared to what we were doing just two or three years ago. >> reporter: oil companies used to mainly drill vertical wells, hitting one pool of oil. but now they are rapidly converting to horizontal wells up to a mile long and combining them with fracking operations which split open rocks, releasing oil once considered out of reach. and one drilling rigs can now install multipl
to disarm. ben sosenko on the night of violence that forced the cancellation of the midnight fireworks show. >> that's the type of person he was. >> reporter: now on a day for celebration, friends are mourning the loss of dan ferrier. >> outstanding person. a heart of gold. he is one of those type of people he would take the shirt off his back and give it to somebody who needed it more. >> reporter: police say dan was trying to break up a fight inside the sports corner cafe when a gunman opened fire hitting and killing dan and another man. another woman was shot. she is expected to survive. >> they had a phone call that dan had been shot and killed. and it was just -- it hit us like a ton of bricks. >> reporter: police say a security guard fired shots at the gunman who returned fire. both were hit before police captured the suspect. both men were taken to the hospital with nonlife- threatening injuries. now dan's friends are mourning the loss of a man who put his life on the line to save others. one friend says dan saved his life when he fell into a fire pit. >> i slipped and fell when i wa
ben tracy has more. >> this is the busy time of year. >> absolutely. this is when all the games come in. >> reporter: scott meadows runs salinas vineyards in california's napa valley and there's a good reason he put that american bald eagle on the bottle. seems kind of nationalistic. >> that was a specific from our chinese owners. china overall is looking to bring parts of america to china. >> reporter: in 2010, this vineyard was up for sale. chinese investors bought it and now 90% of the wine from here that's 9,000 cases -- is shipped to china. what does a chinese company want with a vineyard in napa valley? >> there's a big demand in china for luxury goods for goods that are scarce and for goods that are well made. so rather than buying chinese- made products and spending our money over there, they're buying american made products and sending their money back over here. >> reporter: on the jobs stay here? >> and the jobs stay here. >> reporter: rich chinese firms have investigated billions in the u.s. 1.3billion in california companies. a reported $560 million invested in the past
and ways to connect. philadelphia. fireworks exploded over the delaware river... with the ben franklin bridg the backdrop. the city >>> that's what new year's looked like in philadelphia. fireworks exploded over the delaware river with the ben franklin bridge as the backdrop. the city had two displays one at 6 p.m. geared toward family and then of course the one add mitt night. >>> today's entertainment comes from a little football and a thing called the annual rose parade. >> cbs reporter louisa hodge is live in pasadena with fans out there. they are bringing in blankets and fire pits. looks like fun. >> reporter: the parade starts at 8:00 but 42 floats are lined up here. this is sort of the event before the event if you will. check the crowds. thousands of people came out this morning at the crack of down just to take a look at all of these floats up close and personal. you can see the detail on some of these floats. the judges announced the winners. the coveted sweepstakes trophy went to dole with fiesta parade floats but a san francisco- based company or oakland-based company, i sh
. the drilling boom in colorado it's leaving towns flush with cash but what is it leaving behind? ben tracy is there. and dean reynolds on the men who create some of the most precious gifts. all retirees? >> all retirees. and they all get paid the same. >> reporter: nothing. >> nothing. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> glor: good evening, everyone.
with flying colors, and the cue tests. >>> welcome back. here's one factor you might not expect. as ben tracey reports, investors from china are putting billions of dollars into american business to meet the increasing chinese demand for u.s. products. >> reporter: scott meadows runs ss silenus vineyards in california. there's a reason he put the bald eagle on the bottle. >> that was a specific request from the owners in china. >> reporter: chinese investors bought it and now 90% of the wine from here that's 9,000 cases, is shipped to china. what does the chinese want with a vineyard in nappa valley. >> there's a big demand for goods that are scarce. they're buying american-made products and sending their money back over here. >> reporter: and the jobs stay here. >> and the jobs stay here. >> reporter: they have invested $16.4 billion in the u.s. in the past decade. $1.3 billion in california companies, a record $560 million in just the past year. the chinese are also boosting the golden state's housing recovery. they've bought one out of every ten homes sold in t
to make plans. peter greenberg is here with things to know about >>> it is official. ben affleck says he's not going to run for u.s. senate. affleck wrote on his facebook page yesterday, i love massachusetts and our political process, but i am not running for office. the rumor mill got busy after the actor appeared on "face the nation" and did not rule out a possible campaign. massachusetts will need to elect a new senator later this year because senator john kerry is in line to be secretary of state. >>> welcome back to "cbs this morning," everyone. >> welcome back. new year's eve is five days away. if you're ready to celebrate, great. if you haven't made plans, there are plenty of options. here to help you out is cbs news travel editor peter greenberg. happy almost new year. >> happy almost new year. >> what's your first pick picking a hotel. >> with the exception of times square and miami beach, there are a lot of local city hotels empty during new year's eve. here's the deal do your party there, invite friends, great discounted rooms, then the value-added deals, ki
Search Results 0 to 7 of about 8